Orthopedic devices have been used successfully in restoring mobility, reducing pain and improving quality of life of millions of people across the globe. The success can be easily illustrated by the dominance of orthopedic devices worldwide. The orthopedic devices market have been extensively analyzed on the basis of factors such as the technology used, success rate, reimbursement coverage and geographical reach.

This report studies the global market for orthopedic devices from the perspective of various anatomical locations in the human body. The market is thus broadly segmented into anatomical locations such as hip, knee, shoulder, elbow, foot and ankle, spine, craniomaxillofacial and other extremities. These anatomical locations are further categorized into joint implants, internal fixation devices and external fixation devices, based on the availability of the products in the market. Geographically, the market is analyzed for four major regions, namely North America,
Europe, Asia and Rest of the World (RoW). The market for all these segments is analyzed and estimated in USD million.

Each of the segment has been analyzed on the basis of its current and future market size for the period 2011 to 2019, in terms of revenue generation in USD million, considering 2011 and 2012 as the base years. The compounded annual growth rate (%CAGR) for each market segment has been provided for the forecast period 2013 to 2019 along with the estimations of market size.

A competitive landscape, mapping all the market players and their respective market shares for 2012 are provided in this report. Some of the major players profiled in this report are aap Implantate AG, Biomet, Inc., Exactech, Inc., Globus Medical, Inc., Integra LifeSciences Corporation, Medtronic, Inc., NuVasive, Inc., Orthofix Holdings, Inc., Inc. Stryker Corporation, Wright Medical Technology, Inc. and Zimmer Holdings, Inc. All these market players are profiled in this report based on various parameters such as company overview, financial overview, business strategies, product portfolio and recent developments.
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The major orthopedic device segments such as joint implants, internal and external fixation devices have been further analyzed on the basis of anatomical locations namely, hip, knee, shoulder, elbow, foot and ankle and other extremities. Spinal orthopedic devices have been segmented into joint implants and internal fixation devices, while craniomaxillofacial devices market include estimations only for internal fixation devices. Various emerging technologies such as bio-absorbable implants and minimal invasive procedures currently form major drivers or the growth of this market. The global orthopedic devices market was valued at USD 29.2billion in 2012 and is expected to grow at a CAGR of 4.9% from 2013 to 2019, to reach an estimated value of USD 41.2billion in 2019.

High incidence rates of osteoporosis, osteoarthritis, obesity along with rapidly aging global population also form key drivers for the global orthopedic devices market. Increase in procedure demand and rise in people opting for minimally invasive surgeries coupled with expanded access in emerging markets are some of the other factors propelling the growth of the market. Introduction of biodegradable implants and internal fixation devices will serve as future growth opportunities for orthopedic devices for various anatomical locations. However, product recalls act as a major growth restraint for the market due to incidences such as adverse side effects to the patient. Device related infections, manufacturing errors, implant loosening, wear debris, corrosion, hypersensitivity and toxicity are some of the other causes leading to orthopedic device failure.

Geographically, North America dominated the global orthopedic devices market and is expected to continue to lead in terms of revenue generation throughout the forecast period. The market in North American region was valued at USD 11.8 billion in the year 2012.Asia-Pacific is considered as the most lucrative market for orthopedic devices market owing to the increase in incidences of bone related disorders and obesity through 2019. The leading players in the market for orthopedic devices market are DepuySynthes, Zimmer, Stryker, Medtronic, Smith & Nephew, Wright MedicaL, NuVasive, and Globus Medical.

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